GBPJPY has successfully broken out of the descending trendline, confirming a bullish breakout. This signals a potential continuation to the upside, with price now targeting the next resistance zone around 192.50 - 193.00.
As long as price holds above the breakout level near 191.30, the bullish momentum remains intact. The breakout suggests further upside movement, with buyers stepping in to push price toward the previous highs. Watch for confirmation on lower timeframes to strengthen the move.
As long as price holds above the breakout level near 191.30, the bullish momentum remains intact. The breakout suggests further upside movement, with buyers stepping in to push price toward the previous highs. Watch for confirmation on lower timeframes to strengthen the move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.